Purchasing in the North Vancouver, West Vancouver or anywhere in Greater Vancouver is costly so any savings you can search out can be on great benefit. The Real Estate Board of Greater Vancouver recently released a list of twenty-one sources for potential savings for buyers and/or owners. Not all of these will apply to you but it is definitely worth a quick read to see if you are missing out on any rebates or refunds. For further clarification or explanation contact Dale and I today.
1. Home Buyers’ Plan: Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.
www.cra.gc.ca Enter ‘Home Buyers’ Plan’ in the search box.
2. GST Rebate on New Homes: New home buyers can apply for a rebate for the 5%...